The DOL Final Rule on sick leave for federal contracts will NOT apply to most nonprofits because grants and cooperative agreements are not covered. However, as the Rule does apply to subcontracts, nonprofits should review their sources of federal funding to ensure that they are not covered.
Effective July 1st, 2016 the user fee to process FORM 1023-EZ (application for recognition of exemption under 501(c)(3) status) is lowered from $400 to $275.
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President Obama and Secretary Perez announced that the Department of Labor’s final rule on overtime under the Fair Labor Standards Act will automatically extend overtime pay eligibility to 4.2 million workers. The rule will entitle most salaried white collar workers earning less than $913 a week ($47,476 a year) to overtime pay.
The U.S. Department of Labor has recently proposed regulatory changes that could dramatically expand the population of employees entitled to receive overtime pay.
Each nonprofit needs to learn its rights and responsibilities under the Uniform Guidance and take positive steps to protect those rights. This document identifies the major changes in the Uniform Guidance related to cost allocation rules and payment of indirect costs.
HSC issues new report: Human Services Council’s New York Nonprofits in the Aftermath of FEGS: A Call to Action
NYS Assembly introduced bill A-3394 which would require charities disclose to donors in writing after donation as to how their donation was allocated – what portion went to administration and what to programs. This was introduced last session and didn’t move; it is being introduced again.